Silvercorp Metals (NYSEAMERICAN:SVM) Trading Up 4.5% – Here’s Why

Shares of Silvercorp Metals Inc. (NYSEAMERICAN:SVM) were up 4.5% on Tuesday . The stock traded as high as $3.04 and last traded at $3.04. Approximately 349,321 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 2,326,029 shares. The stock had previously closed at $2.91.

Silvercorp Metals Trading Up 2.7 %

The company has a market capitalization of $650.50 million, a P/E ratio of 9.97 and a beta of 1.20.

Silvercorp Metals (NYSEAMERICAN:SVM) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Silvercorp Metals had a return on equity of 8.12% and a net margin of 23.07%. The business had revenue of $68.00 million during the quarter, compared to the consensus estimate of $67.90 million. As a group, equities analysts expect that Silvercorp Metals Inc. will post 0.34 EPS for the current fiscal year.

Silvercorp Metals Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $0.0125 per share. The ex-dividend date was Friday, November 29th. This represents a dividend yield of 0.6%. Silvercorp Metals’s dividend payout ratio (DPR) is presently 10.00%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SVM. Blue Trust Inc. boosted its stake in Silvercorp Metals by 563.7% in the 3rd quarter. Blue Trust Inc. now owns 6,624 shares of the company’s stock worth $29,000 after purchasing an additional 5,626 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Silvercorp Metals during the third quarter worth $32,000. International Assets Investment Management LLC purchased a new position in Silvercorp Metals during the third quarter valued at $46,000. Zacks Investment Management bought a new stake in Silvercorp Metals in the 3rd quarter valued at $46,000. Finally, Toronto Dominion Bank lifted its stake in Silvercorp Metals by 56.3% in the 2nd quarter. Toronto Dominion Bank now owns 15,094 shares of the company’s stock worth $51,000 after purchasing an additional 5,435 shares in the last quarter. Hedge funds and other institutional investors own 22.30% of the company’s stock.

About Silvercorp Metals

Silvercorp Metals Inc, together with its subsidiaries, engages in the acquisition, exploration, development, and mining of mineral properties in China. The company primarily explores for silver, gold, lead, and zinc metals. It holds a 100% interest in the Kuanping silver-lead-zinc-gold project located in located in Shanzhou District, Sanmenxia City, Henan Province, China; Ying project located in the Ying Mining District in Henan Province, China; Gaocheng (GC) mine located in Guangdong Province, China; and Baiyunpu (BYP) mine located in Hunan Province, China.